West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 25, 2026 is estimated to be $130 Million, with a cash option of 55.5 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of West Virginia, your state will take 6.5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

West Virginia MEGA Millions Jackpot/Cash Option for Tue Aug 25, 2026

Draw Date	Jackpot	Cash Option
Tue Aug 25, 2026	$130,000,000	$55,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,500,000
Federal Tax(24%)	$13,320,000
Additional Federal Tax	$7,175,330
State Tax(6.5%)	$3,607,500
Net Lumpsum Payment	$31,397,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,956,630	-$684,283 -$127,181	$1,145,166
2	$2,054,520	-$720,503 -$133,544	$1,200,473
3	$2,157,220	-$758,502 -$140,219	$1,258,499
4	$2,265,120	-$798,425 -$147,233	$1,319,462
5	$2,378,350	-$840,320 -$154,593	$1,383,437
6	$2,497,300	-$884,331 -$162,325	$1,450,644
7	$2,622,100	-$930,507 -$170,437	$1,521,156
8	$2,753,270	-$979,040 -$178,963	$1,595,267
9	$2,890,940	-$1,029,978 -$187,911	$1,673,051
10	$3,035,500	-$1,083,465 -$197,308	$1,754,727
11	$3,187,210	-$1,139,598 -$207,169	$1,840,443
12	$3,346,590	-$1,198,569 -$217,528	$1,930,493
13	$3,513,900	-$1,260,473 -$228,404	$2,025,023
14	$3,689,660	-$1,325,505 -$239,828	$2,124,327
15	$3,874,130	-$1,393,758 -$251,818	$2,228,554
16	$4,067,830	-$1,465,427 -$264,409	$2,337,994
17	$4,271,150	-$1,540,656 -$277,625	$2,452,869
18	$4,484,740	-$1,619,684 -$291,508	$2,573,548
19	$4,708,990	-$1,702,657 -$306,084	$2,700,249
20	$4,944,420	-$1,789,766 -$321,387	$2,833,267
21	$5,191,680	-$1,881,252 -$337,459	$2,972,969
22	$5,451,290	-$1,977,308 -$354,334	$3,119,648
23	$5,723,770	-$2,078,125 -$372,045	$3,273,600
24	$6,010,030	-$2,184,041 -$390,652	$3,435,337
25	$6,310,460	-$2,295,201 -$410,180	$3,605,079
26	$6,626,100	-$2,411,987 -$430,697	$3,783,416
27	$6,957,340	-$2,534,546 -$452,227	$3,970,567
28	$7,305,220	-$2,663,262 -$474,839	$4,167,119
29	$7,670,520	-$2,798,423 -$498,584	$4,373,513
30	$8,054,020	-$2,940,318 -$523,511	$4,590,191